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True/ False/ Unclear If the cost of shipping grapefruit from Florida to New York increases, the...

True/ False/ Unclear If the cost of shipping grapefruit from Florida to New York increases, the average quality of grapefruit in New York will rise. (Grapefruits are produced in Florida, and some are shipped to New York and shipping is costly. Consumers in both Florida and New York consume a mix of high and low quality grapefruits.)

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Answer #1

Correct Answer:

False

When cost of shipping increases, then it will lead to the increase in price of grapefruit in New York, that will be shipped from Florida. It is not directly linked with the quality of the grapefruit. Though, people in New York can opt for the low quality grapefruit as it will be available at the lower price. So, consumers can somewhat offset the rise in price of grapefruits by opting for the low quality grapefruit.

Hence, it is the lower quality grapefruit whose consumption can be increased in New York.

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